BURNABY, British Columbia – Jan. 19, 2009 – Icron Technologies Corporation (TSX Venture: IT), today announced that Robert Eisses has stepped down as President and Chief Executive Officer, effective immediately. Mr. Eisses will also leave the company’s board.
Julian Elliott, an Icron board member since June 2007, will assume the role of Interim President and CEO. Mr Elliott, a graduate of Georgia Institute of Technology and Stanford University, has an extensive 25-year career in Silicon Valley in general management or executive positions with Hewlett Packard, Agilent Technologies, and venture-funded companies focused in networking and I/O technologies. Mr Elliott has been Chairman of Icron’s Strategy Committee for the past year and is familiar with the various opportunities presenting themselves to Icron. Additionally, he will lead the board search for a new permanent CEO.
“I am delighted to be assuming leadership of Icron at a time when there are so many opportunities before us”, said Mr. Elliott. “Our core USB extension and bridging business is performing extremely well and our new PC to TV initiatives hold significant promise for the future. With Icron’s strong cash position and our established distribution channels and partnerships, we look forward to a solid year ahead.”
“Over the past several years, Rob Eisses has contributed significantly to Icron’s success in the USB connectivity market,” said Kelly Edmison, Chairman of Icron’s board of directors. “On behalf of Icron and its shareholders, I wish to thank Rob for his vision, leadership, hard work and enthusiasm.”
About Icron Technologies Corp.
Icron Technologies is a visionary leader in high performance USB bridging and extension solutions for commercial and industrial markets worldwide. Icron’s USB extension and bridging products are deployed in a wide range of applications including: digital home connectivity, industrial automation, medical imaging, aerospace, and KVM extension. Icron’s patented ExtremeUSB® technology extends the range of USB 1.1 / 2.0 over Cat 5e, Wireless, Fiber, Powerline, Coax and Phone lines, at distances of up to 25 miles (40 km). ExtremeUSB technology is available in a variety of formats including technology licenses, OEM modules, developer kits, as well as branded and private-label products.
Icron is a publicly traded corporation and trades under the symbol “IT” on the TSX Venture Exchange. For more information on the company and its products, please visit www.icron.com.
| Contact Information | |
| Brian Donnelly VP, Marketing and Business Development Icron Technologies Corporation brian.donnelly@icron.com |
Phone: +1 604 638 3928 |
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release — including, without limitation, statements regarding financial estimates and future plans and objectives of Icron — are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.